Query on reporting of previous employer salary in form 24q
This query is : Resolved
22 March 2019
Dear Member,
Facts:-
A employee Joined Job from July 18, earlier he was working with a foreign employer.
For the period April 18 to June 18 he received salary from foreign on which he have foreign tax credit ("FTC')(relief u/s 90/91 of Income Tax Act) .
Query :-
At the time of filling of Quarter 4, Form 24Q
i. Am I required to report previous foreign employer salary in Form 24Q
ii. I f Yes where to report FTC in the statement because no column is provided there.Can I report the same in column amount of tax deducted from previous employer, because this tax has not be received by the Indian govt. ?
Facts:-
A employee Joined Job from July 18, earlier he was working with a foreign employer.
For the period April 18 to June 18 he received salary from foreign on which he have foreign tax credit ("FTC')(relief u/s 90/91 of Income Tax Act) .
Query :-
At the time of filling of Quarter 4, Form 24Q
i. Am I required to report previous foreign employer salary in Form 24Q
ii. I f Yes where to report FTC in the statement because no column is provided there.Can I report the same in column amount of tax deducted from previous employer, because this tax has not be received by the Indian govt. ?
22 March 2019
No need to report such income in TDS return. Let him file ITR and claim FTC.
26 March 2019
Thanks for response Sir, but as per law I am required to report Salary of previous employer in my form 24Q. if I do not report the same is it not violation of law?
26 March 2019
You are right in case of Indian employer. Here foreign employer deducted tax which you can't consider in TDS return.
26 March 2019
Thanks sir, for your quick response can you please give me any legal source where it is mentioned that I am required to report previous employer salary only in case where previous employer is Indian not in case of foreign employer. As per AAR in case of Texas Instruments (India) (P.) Ltd. 90 taxmann.com 353 the provisions of section 192(2) applicable in case of salary received from previous foreign employer.
27 March 2019
Agree with you report FTC under tax deducted from previous employer
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